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Admicom

28.55 EUR-1.55 %22/10 15:30
7,656 following

ADMCM

First North Finland

Software

Technology

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
Compare
-1.55 %
+7.74 %
+12.85 %
-9.79 %
-33.76 %
-40.64 %
-24.37 %
-68.03 %
+166.82 %

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

Read more
Market cap
139.67M EUR
Turnover
152.69K EUR
P/E (adj.) (26e)
13.77
EV/EBIT (adj.) (26e)
10.2
EV/S (26e)
3.27
Dividend yield-% (26e)
1.12 %
Coverage
Recommendation
Buy
Target price
40.00 EUR
Updated
2026-10-08
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 2026-10-09

Latest extensive report

Released: 2026-01-16

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Almanakka has also written about Admicom Profitability exceeded expectations New sales grew for the second consecutive quarter However, part of the margin was due to timing ARR grew again mainly through prices More customers have already left than during all of last year The market...
10/10/2026, 6:49 AM
by Sijoittaja-alokas
23
If the software business were that easy, we would constantly see new software products put together by some clever group of coders, just being sold somewhere for cheaper. In reality, value for the customer comes from a much broader package. Certainly, the smallest shops (the two-...
10/9/2026, 8:57 AM
by mardi
19
What if a competitor of Admicom cobbles together competing software using AI at significantly lower costs and starts offering it at a fraction of Admicom’s price? Or what if bid calculation/quantity takeoff or construction site scheduling don’t even require any dedicated software...
10/9/2026, 8:21 AM
by Karhu Hylje
15
Good and even slightly critical article! Thanks for sharing, Alokas! I took a small position in Admicom a little over a month ago myself. The idea is to add to it if the earnings growth starts looking convincing. Although the Q3 report was quite promising, it feels like we’re still...
10/10/2026, 11:00 AM
by Akkanen
13
Analyst comments following Admicom’s Q3 results. Inderes – 9 Oct 26 Admicom Q3'26: Lupaavia merkkejä matalan arvostuksen korjaamiseksi - Inderes Tulospäivän kurssinoususta huolimatta osakkeen arvostus (2027e oik. EV/EBIT 9x) on edelleen hyvin matala.
10/9/2026, 4:26 AM
by KuHa
12
This AI fear is getting completely ridiculous when it comes to certain SaaS companies. Yeah, sure, IT IS POSSIBLE that some construction company cobbles together their entire system by themselves with the help of AI, but WHY would they do that when a complete, solid solution already...
10/9/2026, 5:40 AM
by Kappa-Naahli
9
Is this news just meaningless background noise, or a concrete example that AI might actually collapse pricing power in the software business after all? Adobe Photoshop has now been cloned using Claude and distributed for free as an open-source project (you can optionally buy AI tokens...
10/12/2026, 8:15 PM
by Nordman09
8
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21/1
2027

Annual report '26

16/3
2027

General meeting '27

8/4
2027

Interim report Q1'27

Admicom Q3'26: Promising signs for correcting the low valuation
Research2026-10-09 06:00 by
Atte Riikola

Admicom Q3'26: Promising signs for correcting the low valuation

Despite the share price increase following the earnings release, the valuation of the share (2027e adj. EV/EBIT 9x) remains very low.

Admicom
Admicom, Webcast, Q3'26
Webcast2026-10-08 09:00

Admicom, Webcast, Q3'26

Admicom
Admicom Q3'26 snabbkommentar: Förbättrad effektivitet och piggare försäljning ledde till en positiv rapportöverraskning
Analyst Comment2026-10-08 08:00 by
Atte Riikola

Admicom Q3'26 snabbkommentar: Förbättrad effektivitet och piggare försäljning ledde till en positiv rapportöverraskning

En livligare försäljning stärker förtroendet för den vinsttillväxt vi estimerar för de kommande åren.

Admicom

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Regulatory press release2026-10-08 07:00

ADMICOM OYJ’S INTERIM REPORT 1.1.-30.9.2026: STRONG PROFITABILITY AFTER CHANGE NEGOTIATIONS. MARKET RECOVERING SLOWLY. ANNUAL RECURRING REVENUE GREW BY 5.3%, ADJUSTED EBITDA AT 42.0%.

Admicom
Regulatory press release2026-10-05 14:00

Admicom Oyj: Composition of Admicom’s Shareholders’ Nomination Committee

Admicom
Admicom Q3'26 förhandskommentar: Det svaga marknadsläget tynger alltjämt tillväxttakten
Analyst Comment2026-10-05 06:45 by
Atte Riikola

Admicom Q3'26 förhandskommentar: Det svaga marknadsläget tynger alltjämt tillväxttakten

Vi förväntar oss en dämpad tillväxt för Q3, men att marginalen har förblivit på en god nivå.

Admicom
Regulatory press release2026-09-16 14:00

Admicom Oyj: financial reporting in 2027

Admicom
Admicom pre-silent: Datacenterboomen syns ännu inte särskilt tydligt i företagets kundbas
Analyst Comment2026-09-16 06:40 by
Atte Riikola

Admicom pre-silent: Datacenterboomen syns ännu inte särskilt tydligt i företagets kundbas

Datacenterboomen sätter fart på Finlands byggmarknad, men stämningen bland Admicoms kundbas är ännu tvådelad.

Admicom
Regulatory press release2026-08-26 12:45

Admicom Oyj - Managers' Transactions

Admicom
Regulatory press release2026-08-12 12:30

Admicom Oy - Managers' Transactions

Admicom
Admicom Q2'26: Värderingsnivån är historiskt låg
Research2026-07-09 06:00 by
Atte Riikola

Admicom Q2'26: Värderingsnivån är historiskt låg

Med våra estimat för innevarande år värderas Admicom till 9x EV/EBIT.

Admicom
Admicom, Webcast, Q2'26
Webcast2026-07-08 09:00

Admicom, Webcast, Q2'26

Admicom
Admicom Q2'26 snabbkommentar: I stort sett förväntad sidledes utveckling på en svag marknad
Analyst Comment2026-07-08 08:00 by
Atte Riikola

Admicom Q2'26 snabbkommentar: I stort sett förväntad sidledes utveckling på en svag marknad

Q2-resultatet var i stort sett som väntat gällande både omsättning och justerad EBITDA.

Admicom
Regulatory press release2026-07-08 07:00

ADMICOM OYJ’S HALF YEAR REPORT 1.1.-30.6.2026: PROFITABILITY AT TARGET LEVEL, ANNUAL RECURRING REVENUE GREW BY 4.1%, ADJUSTED EBITDA AT 31.0%. THE BILLING MODEL CHANGE AFFECTS COMPARABILITY.

Admicom
Regulatory press release2026-07-03 08:45

Admicom Oyj: Cancellation of shares held by the company

Admicom
Admicom Q2'26 förhandskommentar: Platt utveckling och resultat tyngt av engångsposter
Analyst Comment2026-07-01 08:05 by
Atte Riikola

Admicom Q2'26 förhandskommentar: Platt utveckling och resultat tyngt av engångsposter

Engångsposter från förhandlingar om nedskärningar tynger Q2-resultatet

Admicom
Regulatory press release2026-06-24 15:40

Admicom: Cancellation of option rights 

Admicom
Regulatory press release2026-06-18 13:01

Admicom Oyj - Managers' Transactions

Admicom
Regulatory press release2026-06-18 13:01

Admicom Oyj - Managers' Transactions

Admicom
Regulatory press release2026-06-18 12:59

Admicom Oyj - Managers' Transactions

Admicom